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Author Question: Which of the following is TRUE regarding real GDP? I. Real GDP is the value of the total ... (Read 79 times)

Metfan725

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on: Jun 29, 2018
Which of the following is TRUE regarding real GDP?
 
  I. Real GDP is the value of the total production of the country's farms, factories, shops, and offices.
  II. Real GDP rises whenever inflation occurs.
  III. Real GDP does not measure all that is produced.
  A) I and II
  B) I and III
  C) II and III
  D) I, II and III

Question 2

In the above figure, if the real interest rate is 4 percent, then there
 
  A) there is a surplus of loanable funds.
  B) is equilibrium in the loanable funds market.
  C) the real interest rate will rise.
  D) the demand curve for loanable funds will shift rightward.


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ricroger

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Metfan725

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Reply #2 on: Jun 29, 2018
Thank you :)


ricroger

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Reply #3 on: Jun 29, 2018
Happy to help you


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